Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: empanelment :: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: due date for vat payment :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India
« Markets »
 FM calms nerves, says no plan to tax market gains
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?

World Bank predicts slower growth for India in 2009
March, 31st 2009

As the global economy deteriorates sharply, the World Bank has projected a slower 4 per cent growth for India in 2009, down from 5.5 per cent in 2008, before picking up speed to reach 7 per cent in 2010.

World Bank estimates released Tuesday have reduced its November 2008 projection of 5.8 per cent growth for India in 2009 rising to 7.7 per cent in 2010.

GDP growth in the developing world as a whole will slow to a projected 2.1 per cent in 2009 from 5.8 per cent in 2008. But without India and China their growth would grind down from 4.6 per cent last year to a complete halt in 2009 before slowly recovering to 2.67 per cent in 2010 instead of growing at 2.9 per cent and 4.7 per cent respectively as predicted earlier.

The Bank has more than halved its November 2008 projection of 4.4 per cent growth in developing countries in 2009, reflecting the rapid deterioration of global financial and economic conditions.

The new Global Economic Prospects update also notes that global growth is expected to contract by 1.7 per cent this year. This would be the first decline in world output growth since World War II. GDP is projected to decline by 3 per cent in OECD countries and by 2 per cent in other high-income economies.

The World Bank's baseline forecast predicts growth momentum to turn weakly positive in 2010 as financial-sector consolidation, lost wealth and knock-on effects from the financial crisis continue to dampen economic activity. However, the pace and timing of the recovery is still highly uncertain.

South Asia has been marked down to 3.7 per cent growth for 2009 from 5.4 per cent anticipated earlier - and down from 5.6 per cent registered in 2008. The region's growth projection for 2010 too has been reduced from 7.2 per cent to 6.2 per cent.

Though terms of trade have moved in favour of the region with the falloff in oil prices, weakening demand in export markets (including burgeoning India-China trade) is being felt sharply, as is a tempering of services exports from India's high-tech centres, as capital spending wanes globally, the update said.

Remittances are anticipated to ease as conditions in host countries falter, albeit with some lag. Capital inflows have diminished, contributing to falloff in investment growth, notably in India. Fiscal support for slowing economies may face constraints in already quite high budget deficits.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions